This third and final stage in the strategic management process involves developing an implementation plan and then doing whatever it takes to make the new strategy operational and effective in achieving the organization's objectives. The remainder of this chapter focuses on strategy formulation, and is organized into six sections:
Crude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.Singapore gross refining margins (GRMs), an important benchmark, show an improvement to $7.4 per barrel for November.Singapore GRMs for the September quarter stood at $4.8 per barrel and for the month of October was $5.4 a barrel.rude oil prices have dropped at a much faster pace than the drop in product prices. US refining runs (or utilization) have been weak.
in america the price of west texas intermediate crude oil has averaged about $ 95 per barrel that s expected to continue in 2014 overseas the global benchmark brent crude oil has traded much higher with an average of more than $ 110 per barrel the past three yearshat s down from the 2013 average of $ 108 41 and the more than $ 111 in the prior two years most analysts agree that brent crude oil prices will fall in 2014 the average analyst estimate is around $ 105 per barrel analysts see lower demand and higher supplies weighing down the price of brent crude oil in 2014